But many of the Party’s biggest donors have stiffed the group, despite its blessing from Obama, who had previously opposed big outside money in politics. Billionaire financier George Soros recently reiterated his aversion to funding outside advertising of the sort the super PAC plans to airs, announcing instead that he planned to focus his giving on organizing and messaging efforts.

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But Priorities USA co-founder Bill Burton suggested his group’s fortunes may be turning.

“Democrats are beginning to focus in on the fact that Republicans are going to have a tremendous amount of money and an astoundingly nasty campaign,” he told POLITICO Sunday night. “We knew we wouldn’t match Republicans dollar for dollar, but beginning with our first extensive battleground campaign we’re engaged in, we’re confident we will have the resources we need to do the work we need to do.”

In fact, though the group finished last month with $4.7 million in the bank, last week it announced a $4 million ad campaign attacking Romney over his tenure at the private equity firm Bain Capital.

It’s the first major super PAC buy backing Obama, whose own campaign has had to spend heavily to keep from being totally overpowered in the air war by the GOP outside groups.

Last week, the Obama campaign announced a $25 million ad campaign over the next month, only to be matched by Crossroads GPS, which unveiled a campaign of the same size the next day, freeing Romney from having to respond in kind, and allowing him to rebuild his war chest as he girds for the general.

The main reason Romney’s campaign fundraising peaked in April is that it was the first month of a joint fundraising arrangement he entered into with the RNC that allowed him to accept checks as large as $75,000 per person. That’s 15 times bigger than the $5,000 maximum his campaign could accept before the party recognized him as the presumptive nominee and formed a joint committee called Romney Victory.

While it won’t have to file its first report until July, it appears to have raised about $18 million last month, on top of the $11 million each raised by his campaign and the RNC. And it seems likely that many of the donors who had maxed out to Romney’s campaign returned to give additional big donations to his joint committee.

While Obama’s campaign has been emphasizing its small donor base, it has been benefiting from a joint fundraising committee with the DNC for months. His joint committee raised $16 million in April, while his campaign pulled in $21 million and the DNC raised $7 million.

President Obama will have had the federal debt increase by $6 trillion during his watch by the time his term ends next January. His administration forecasts unbroken huge budget deficits for years, even decades, and that the federal debt will increase by another $4 trillion, to $20 trillion, by 2016. The long-term unfunded liabilities of the federal government (Medicare, Social Security, Medicaid, Obamacare, pensions, etc.) are now greater than $200 trillion. It is pathetic that Mr. Obama does not address these issues in any signifcant way. He uses his time instead to talk about things like the imaginary "GOP war on women," and announcing his support for homosexual marriage. Obama is like a potted plant in the room when it comes to addressing the nation's grave fiscal issues, and needs to be voted out in November.

The guy who had no record under his belt and instead ran with slogans now has a record ( a bad one) and no slogans to run for reelection on 3 1/2 years later. Meanwhile the talking heads just can't seem to figure out why he's can't raise gobs of money like the first time around?

Somewhere, there are a lot of people that are laughing their heads-off at the 'new-Con's'. Sometimes it take a youthful mind capable of 'shapin'.. Other times, it takes one who gets paid to 'take a position. Many call it the left/right dupe. or more scientifically named, the "Double Paradigm". [See Alex Jones on that INTEL].

Both (R) and (D) serve the same so 'grow-up' will You... All this talk about hope and change, or Romney is the instrument to get us jobs again.. It's ALL a HOAX!

In sum, to live one's life based on being duped, hoaxed, fooled, conned and the like is not a way to achieve anything good in life.

Obama is 16% Popular

Romney is 22%

((MSM Declares Both are 50% popular - [ Laugh Lines herein ]

CLUE: Forget their 'words' but concentrate on "fruit"... Rotten, and hard-cast against the wishes of our Founding Fathers. The 'former' USA, there Mr. Putin but You knew when you competed with that bright boy that could look in the eyes to the soul. LOL - A better con got Ya!

The Republicans are still fuming about being outspent by the Democrats in 2008. Republicans are used to being members of far and away the richest political party, since they are of the party of big business, the wealthy and privileged country-club types. Thankfully, some big business men and women are concerned with sound business practices and feel some patriotism and concern for the well-being of our entire nation, and are not just profit-seeking shysters pushing for deregulation so they can run roughshod over American consumers. The rich interested in just regulations and sound business practices and a sound economy are naturally supporters of President Obama. Without the support of the conscientious rich, President Obama would not stand a chance to be financially competitive now that the politically corrupted Supreme Court has made corporations not only people but citizens with special spending privileges.

Romney has most, but not all, of the one percent in his corner. And why not? He's one of them and had made clear his proposed twenty-percent tax cut for the richest will provide anyone making a million dollars in a year an annual windfall of some $147,000. Those that make twenty+ million a year, as Romney does (sitting on his duff), can expect annual windfalls much, much bigger. He's promising to wipe out all regulations that stand in the ruthless way of corporate profiteers.

If the 99% unite and contribute to President Obama's campaign, he can stay financially competitive with Romney, but not without the additional help of some big money from the one percent. Too bad...

You must have missed the petulant child president's new slogan for this cycle.......FORWARD.........the same slogan used by Mao as he led the communist party to takeover china in the early 20th century. The irony of it................................

Pres. Obama and his campaign funds and Pacs have much more money in the bank. And they are still raising money at higher rates over the last quarter.With only two qaurters to go, that seems to be how we will go into the campaign in the final days. In other words, the Obama campaign will spend much more than the Romney campaign, and that

Dems and the media keep saying that "the Republicans will outspend the Dems in this election", but that is simply a false allegation designed to gain voter sympathy. Whether you count "Super Pacs", or you count RNC/DNC, or you count actual campaign team money raised and on hand, the Dems have the advantage, and will likely keep it over the next 5 months.

thank you citiizens united for the blatant whoring out of our political system and democracy as we know it. all this money in politics is bad business for the average, middle class, every day american.

thank you citiizens united for the blatant whoring out of our political system and democracy as we know it. all this money in politics is bad business for the average, middle class, every day american.

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For all the belly-aching that Liberals do about how 'unfair' things are in the freest nation of Earth one would think that they'd be celebrating the SCOTUS decision on Citizen's United because it deemed that 'Corporations' are people in precisely the same respect that 'Unions' are people.

You know....true equality............the Liberal siren-song.........

But no.........instead we see an all-too-common display of Cognative Dissonance and Hypocrisy.

If it weren't for double-standards then Liberals would have no stands at all.

ABO in 2012....and that means Mitt Romney.

P.S. Where's the big story on the OWS clashes with police at the NATO Summit in Chicago.........you know if it were the Tea Party there'd be wall-to-wall coverage.

But Obama can give away free jobs as he doesn't have a budget, doesn't want one and knows the value of PATRONAGE. Obama has surrounded himself with incompetents so that he looks and smells better. Obama can't give a speech without using a teleprompter and someone elses words. Does Obama have original thoughts?

Ludicrous. Obama and the DNC have out-raised the Republicans in even a low-raising quarter for the Democratic Party. The Dems raised $43 million this quarter, while the RNC raised $40.5 (combined on both sides for the nominees and the party).

The is pure propaganda to give Obama the look of an "underdog" as he uses AF-1 to travel to 10 fundraisers per week using public money!

Some of us very small donors are responding positively to Romney's PACS and campaign as well despite the impression you'd like to give that it's only the fat cats and big business that's pouring on the donations.